The last twelve years have been really hard on the American people. Tax rates have increased dramatically. The average person (middle class) will pay thirty percent of every dollar they make to the government. It becomes very hard to get a credit card or loans. The wealthy citizens (upper class) is paying a minimum of fifty percent of every dollar they make to taxes. It has become hard to survive for the poor, there is a temporary period where jobs are hared to find. Then when the debt has decreased to a manageable level, job numbers increase after about ten years, and the U.S. people can start to live better and survive easier again.
Question: I would like to know more about what would happen to the U.S population if China decided to sell/give out the U.S. dollars/debt they hold. Would this cause a famine or housing loss in the U.S? Would the U.S go to war? How much of the world population die or be effected negatively if the U.S dollar became worthless? I'd also like to know what country would then dominate or be the most important economy in the world and what would they do to the U.S. people (help them or "enslave" them)?
Question: I would like to know more about what would happen to the U.S population if China decided to sell/give out the U.S. dollars/debt they hold. Would this cause a famine or housing loss in the U.S? Would the U.S go to war? How much of the world population die or be effected negatively if the U.S dollar became worthless? I'd also like to know what country would then dominate or be the most important economy in the world and what would they do to the U.S. people (help them or "enslave" them)?
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